Sports Medicine Market Overview:

Global Sports Medicine Marketwas valued at $6,615 million in 2016, and is expected to reach $11,172 million by 2023, registering a CAGR of 7.7% from 2017 to 2023. Sports medicine is a branch of healthcare that deals with enhancing people’s athletic performance. Sport medicine products help people recover from injuries and prevent future injuries. In addition, sports medicine has displayed a considerable growth among all the other healthcare fields, as professionals in this field have the capability to treat all kinds of people, and not just athletes. Increase in the demand for sports medicine is witnessed over the years owing to the rise in incidence of sports associated injuries along with increase in awareness among people regarding physical fitness. In addition, government initiatives pertaining to sports medicine increase the participation of athletes worldwide. Further, elevation in the demand for minimally invasive surgeries supplements the market growth. However, lack of skilled professionals in this field, and inappropriate administration and guidelines regarding sports medicine hamper the growth.

Body reconstruction and repair products have generated the highest revenue throughout the forecast period. This dominance of this segment is attributed to high demand for arthroscopy devices along with increase in transition from conventional open surgeries to minimally invasive surgeries employing orthobiologics.

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Sports medicine deals with the treatment and prevention of injuries in people who are actively involved in playing sports. Sports medicine has gained traction in the recent years owing to the rise in awareness regarding physical fitness among people. Sports medicine market has witnessed significant growth over the years due to the government initiatives in this field. This has resulted in progressive influx of athletes every year, which supplements the growth of the sports medicine market.

Sports medicine makes use of various products such as, body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, and accessories to treat injuries. The body reconstruction and repair products dominates the sports medicine market during the forecast period. This is attributed to the large-scale employment of arthroscopy devices and implants in the treatment of sport-related injuries. In addition, transition from minimally invasive surgeries to regenerative sports medicine in the treatment of injuries is set to increase the demand of orthobiologics in the market. Further, braces and support products segment generated highest revenue in the body support & recovery products. Using braces and support products is the most common practice observed among sportspersons.

Further, sports medicine is largely employed in the treatment of sports injuries, and knee injuries segment has generated the highest revenue in the sports medicine market during the forecast period. Increase in number of anterior cruciate ligament (ACL) injuries, and high incidence of meniscus tears among athletes contributes significantly to the growth of sports medicine in the treatment of knee injuries.